This KS3 Geography quiz looks at development. A poor country is known as a Less Economically Developed Country, or LEDC for short. They usually have an economy that is based on farming. In order to develop the economy, an LEDC needs to industrialise. The reason for that is because manufactured goods can be exported and sold for more money than agricultural produce. Countries that have very few natural resources can find it more difficult to develop. MEDCs (the richest countries) donate money to help with the development of LEDCs.
Regional development is the provision of aid and other assistance to regions which are less economically developed. Regional development may be domestic or international in nature. Many MEDCs pay money into an organisation called the World Bank. This organisation then pays that money to LEDCs in order to help them with projects that will develop their economy. But that doesn't always work for all the people in an LEDC. Some become trapped in a poverty cycle when they have their land taken from them for industrial or intensive agriculture.
|
|
||||||||||||||||||||||||
|
|
||||||||||||||||||||||||
|
|
||||||||||||||||||||||||
|
|
||||||||||||||||||||||||
|
|
Informal employment is common in LEDCs
|
They are trapped because they need money to help them to improve their lives. If they can't get jobs or if they can't buy tools and materials to grow or make things to sell, they are stuck in poverty. There are even people in the UK caught in a poverty cycle, it is not just a problem limited to LEDCs
|
||||||||||||||||||||||||
This increases the profits of companies who do this
|
Raw materials can be extracted and used to increase wealth
|
||||||||||||||||||||||||
It receives donations from rich countries which can then be shared out to poor countries
|
Colonies were common in the past - rich countries stripped many of them of their wealth
|
||||||||||||||||||||||||
Money for development may be wasted in the war
|
Exports are important to a country as they bring money into the country from other countries
|
||||||||||||||||||||||||
Natural resources are usually sold for low prices
|
A positive balance of trade means that a country earns more from its exports than it spends on its imports
|